count Sales Income against a future month

Hi df90210:

Sure! Instead of recording the deposit as revenue, record it as an accounts payable or other short term liability to your client.  Or, you can even record it as a 'credit memo' against the client account so that when the eventual 'invoice' comes due, it's automatically diminished against the bill at that point (New-> Credit Memo to enter it that way).

That's helpful, thank you. Although, I'm not issuing invoices via Quickbooks. The cash deposits are made automatically to my chequing account via my rental booking site. So now this cash deposit transaction is sitting here, and I'm not sure what to call it (see screenshot attached).

Hello there df90210,

It's great that you're looking for the most accurate way to record your income using QuickBooks Online. Since you're not using QuickBooks Online to record invoices from your customers, this process might look a little different for you, but I still have a solution none-the-less. Let me explain.

Once you've recorded the Deposit from within the Bank Feeds with the appropriate Cateogry, hit the Magnifying Glass or search function in the upper right.  Within Recent Transactions you should see the deposit you just recorded sitting at the top. Click on it to open it up. At the top, use the Date field to specify the date in August that you'd like this income to be recorded for. Ensure that all other details are correct, then hit Save and close to save your changes. Now, if you run a report like Profit & Loss, you'll to set the date range to encompass August in order to see that income recorded against your books. 

I hope this helps, and if there's anything else you have a question about, don't hesitate to reach out. I'm happy to help in whatever way I can.

Hi df90210:

If you're not issuing invoices through Quickbooks to your customers, you can then just mark it as a short term liability, or negative-receiveable in your books.

While @Rebecca R is right that you can simply future-enter the revenue/sales, you still have to account for the fact that the cash is currently in your posession.

So what you could do is record the deposit as a negative-receivable (akin to a credit memo), then create a separate entry for August moving it from a negative-receiveable to sales.